Technical studies indicate the likelihood of a new wave of sales in the markets of altcoins in the period of the trading session on 25-26 December.
XRP/USD
At the time of the review market Ripple listed for $0,3830. After a break of support price level of $0,4030 pair XRP/USD has found temporary support only at the level price of $0,3770.
The nature of the price movement of a currency pair, a large part of the day’s session indicates a strengthening of bearish sentiment in the market Ripple. There is a high probability of a breakthrough marked level of support with the reduction of price to the pivot with the mark on the price scale, the four-hour schedule $0,3588.
It is expected that on reversal level, the bulls will buy the cryptocurrency of large volumes that will help to reduce the pressure of sellers, and to restore the Ripple rate within a horizontal range of $0,3580-0,3900.
Still recommended for short-term sale in a pair XRP/USD. C the lowest-risk entry into the market with short positions possible Ripple on the price breakout from the daily resistance level of $0,3900 with order $0,3830 and $0,3790.
BCH/USD
In the previous market review BCH, we assumed that breakthrough one of the boundaries of the price channel $200-180 will determine further direction.
At the moment Bitcoin is trading Cash for $162 after breaking the lower border of the range on strong down momentum. Attempts of the bulls to recover the price above the key pivot level of $169 met with strong resistance sales.
Temporary support to prices BCH bulls formed at the dynamic level, $152,00 of the moving average line EMA100.
The values of the RSI14 indicator, since short-term stabilization of prices of the Bitcoin Cash in the range of $169-152 are in sales. The indicator line has a tendency to turn down to cross the border with the overbought, which together indicates the anger of the bulls in the probable dynamic breakout support level of $152.
LTC/USD
Large short sales in the market of litecoin dropped the price of the coin below the pivot level of $31,70 ten-day of a rising wave of growth. At the time of analysis of the market the pair LTC/USD is trading at $31,20 under increasing pressure from new sales.
Temporary support Litecoin got above the dynamic level of $30,70. The bears currently are consolidating the amounts on the sale of scriptactive for a breakthrough marked level.
Data of the relative strength index indicates the exhaustion of buyers. In the case of breaking the support price at $30,70 we should expect lower prices DES until at least $29,70 at the next level of support.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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